Novated Lease – Car Financing 101
Posted on March 15, 2009, under Car Financing.
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It’s once again time for car financing terms and this time I’m going to give you a brief on novated lease. It’s very simple to understand and once you get the basic concepts then it’ll be easier to understand how it’s all related to your credit and loan situation. When we talk about novated lease, we refer to a kind of motor vehicle finance lease that is very popular in Australia. The novated lease allows an employer to take a motor vehicle on lease in the interests of an employee wherein the entire responsibility of the lease rests (more…)
